In This Issue:

• 2020 Development Review

• Welcome New Businesses

• Vote by 1/11/21 for People’s Choice Award

• 2021 Illinois Minimum Wage Increase

• IRS News - 2021 mileage rates and 2020 filing

• Covid Testing Sites

• WBDC business advisors can set you on a path to success

• 2021 Future Proof Your Business Series (at the Illinois Small Business Development Center at College of DuPage)
• Building Permit Applications may be made on-line

2020 Development News

2020 brought the unexpected.  The Community & Economic Development department worked to strengthen connections with and to support our existing businesses and our residents. 

• The Village Center Streetscape – A new plaza and park for community events, sidewalks, landscaping, lighting, and ‘streetscape’ for pedestrian comfort have been installed.  Residents will be able to enjoy the well-designed public open space year-round.
• New Commercial development at NEC of Lake & Bartels – The Village Board approved a preliminary plan for the demolition of a portion of the existing building, with a 3-lot commercial development.  Final plans are awaited, to be followed by new construction.
• New Townhomes at Wise & Farmstead – Village Board approved a preliminary plan for a 20-unit townhome development (pictured above) on the property east of the Olde Salem Shopping Center. These 2-bedroom townhomes will have 2-car attached garages, an office, and extra storage.  
• NWC Lake & Gary – Earthwork began for a new 3-lot subdivision with a 200,000+ square foot industrial building to the west, a gas and diesel fuel center, and a retail building along Gary Ave. The developer will install a new ‘Welcome to Hanover Park’ sign at this gateway location.

Welcome!

Join us in welcoming these Hanover Park businesses which opened in 2020:

• American Family Insurance-Marc Austin Agency, 1060 Lake St., #101
• Begum C, 1060 Lake St. #201A
• Bordeux Salon, 2164 Lake St.
• Chicago Electric, 865 Muirfield Dr.
• Devicesic, 1060 Lake St. #201A
• DiTuri Group, 1060 Lake St. #102
• EFC International, 4150 Chandler Dr.
• Envios Villegas, 1639 Irving Park, Unit A
• Halcones Boots, 1808 Irving Park
• Kolachi Tandoori Grill, 2020 Army Trail
• Legacy Medical Care, 6620 Barrington Rd.
• Lotus Hair & Beauty Salon, 2422 Army Trail Rd.
• Luminosity Skin Care, 1300 Greenbrook, Unit B2
• My Polish Deli, 1234 Lake St.
• Polished Punk, 1060 Lake St. #201A
• San Marcos Mexican Grill, 1222 Lake Street
• Smartrskin, 1060 Lake St. #201A
• SP Marketing, 1260 Bamberg Ct.
• Taco Express, 7310 Barrington Rd.
• United Global Public Benefits, 900 W. Irving Park
• USDoctors.co. 1060 Lake St. #201A
• U.S. Taekwondo Academy, 7233 Olde Salem Cir.

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Vote by 1/1/21 - People’s Choice Award

Congratulate each of these businesses on their nomination for “Business of the Year!” 

Each may now be considered for the "People's Choice Award" and the Economic Development Committee will choose the Business of the Year.  Help choose the "People's Choice winner.  Vote for ONE business by texting the Vote Code # to 650-600-9016.   Polls are open until January 11 at 12:00 a.m.  Voting available only via text, standard charges apply.

A2Z Family Dental                   182615
Alianza Hispana                       182610
Briana’s Pancake House          182612
CD One Price Cleaners            182608
Country Style Donuts               182614
Dulce Vida Juice Bar                182611
TTSG                                       182605
Jabil Packaging                        182607
Kolachi Tandoor Grill               182613
Matsui America                        182616
Mili’s Hair Salon                       182609
Tradewinds Shoe Repair          182606

Reminder:  State of Illinois Minimum Wage Increases 1/1/21

On January 1, 2021, the state’s minimum wage will increase from $10.00 to $11.00.  The progressive rise was passed on February 19, 2019 and contained these provisions: 

• New employees 18 years and older may be paid up to 50 cents less per hour for the first 90 days of employment (training wage).
• Employees under 18 years who work less than 650 hours for an employer during any calendar year may be paid at the rates on the chart enumerated above but are not eligible for the “training wage” reduction.
• Beginning, January 1, 2020, if a worker under 18 years of age works more than 650 hours for the employer during any calendar year, they must be paid the regular (over 18) wage.
• Tipped employees may be paid 60% of the hourly minimum wage.
• Certain employees must be paid overtime, at time and one-half of the regular rate, after 40 hours of work in a workweek.

More information is on the IL Dept. of Labor website.

IRS Tax Information

2021 Standard mileage rates

Beginning Jan. 1, 2021, standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

• 56 cents per mile driven for business use, (down 1.5 cents from the rate for 2020),
• 16 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, (down 1 cent from the rate for 2020), and
• 14 cents per mile driven in service of charitable organizations (unchanged). 

Get Ready for 2020 Tax Filing

The IRS has prepared this page to help businesses compile needed records.  The on-line Interactive Tax Assistant which answers general tax questions, including helping to determine if a type of income is taxable or if someone is eligible to claim certain credits and deductions. 

Changes to income and other life events and other tax credits and deductions may mean more money in a taxpayer’s pocket; thinking about eligibility now can help make tax filing easier next year.  Taxpayers may qualify for credits like the Child Tax Credit and Child and Dependent Care Credit. Taxpayers whose dependent does not qualify for the CTC might be able to claim the Credit for Other Dependents. Additionally, low- to moderate-income taxpayers may qualify for the Earned Income Tax Credit.

For more information about planning ahead, see Publication 5348, Get Ready to File, and Publication 5349, Year-Round Tax Planning is for Everyone.

WBDC business advisors can set you on a path to success.

Call the WBDC to book a one-on-one session for advice from a member of our professional team of business advisors on every aspect of starting and growing your business.  The WBDC helps all businesses, and has partnered with the Village for business advising. 

Aisha McBurrows, Director of the Aurora Center and Minerva Calatayud, Associate Director-Enterprenurial Services serve on our Economic Development Committee.  The WBDC is now booking no-cost, one-on-one advising.  Call 312-853-3477, ext. 100 for an appointment.  

2021 Future Proof Your Business Series at the Illinois Small Business Development Center at College of DuPage 

Covid19 has brought home a hard truth: small businesses will only be truly viable if they plan for future growth and for a future crisis. The Future Proof your Business Series is designed to help businesses plan for a sustainable and viable future even in the toughest of times.  All Sessions are delivered in a Virtual Environment: Risk Assessment, Human Resources, Financial Sustainability, Technology and Operations, Cybersecurity, and Management and Leadership.  For more information, click here.
 
Check the SBDC calendar and register for webinars from their website.  Or, email for more information at bdc@cod.edu

On-line Submittal for Hanover Park Building Permits

Did you know you can submit your building permit applications electronically? 

Information on building codes and applications are online.   Email documents to iservices@hpil.org.